Jade Biosciences, Inc.
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 13, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share amounts)
| Three Months EndedJune 30, 2025 | Six Months EndedJune 30, 2025 | Period from June 18, 2024 (Inception) Through June 30, 2024 | |
|---|---|---|---|
| Operating expenses: | |||
| Research and development(1) | $22,547 | $42,570 | $78 |
| General and administrative(2) | 5,231 | 8,592 | 512 |
| Total operating expenses | 27,778 | 51,162 | 590 |
| Loss from operations | (27,778) | (51,162) | (590) |
| Other income (expense): | |||
| Interest income | 1,828 | 2,443 | — |
| Change in fair value of Convertible Notes payable(3) | (6,184) | (21,584) | — |
| Total other expense, net | (4,356) | (19,141) | — |
| Net loss | (32,134) | (70,303) | (590) |
| Other comprehensive loss: | |||
| Currency translation adjustment | (24) | (24) | — |
| Comprehensive loss | $(32,158) | $(70,327) | $(590) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.86) | $(3.45) | $(0.19) |
| Net loss per share attributable to Series A non-voting convertible preferred stockholders, basic and diluted | $(863.46) | $(3,450.78) | $— |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 28,431,158 | 15,932,206 | 3,155,500 |
| Weighted-average shares used in computing net loss per share attributable to Series A non-voting convertible preferred stockholders, basic and diluted | 8,781 | 4,439 | — |
(1)Includes related party amounts of $3.9 million and $11.7 million for the three and six months ended June 30, 2025, respectively, and $0.1 million for the period from June 18, 2024 (inception) through June 30, 2024 (see Note 14).
(2)Includes related party amounts of $0.1 million for each of the three and six months ended June 30, 2025, and $0.5 million forthe period from June 18, 2024 (inception) through June 30, 2024 (see Note 14).
(3)Includes related party amounts of $1.3 million and $4.6 million for the three and six months ended June 30, 2025, respectively (see Note 14).
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